Post Utme Uniosun 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's accounting records show that its total assets increased by ₦1,500,000 and its total liabilities increased by ₦1,200,000. What is the increase in the company's equity?

Answer Options

Correct Answer A. ₦300,000
B. ₦200,000
C. ₦500,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦300,000

About This Question

This is Post Utme Uniosun 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.

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